Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

I wouldn't buy existing. newark is the #1 zip code for new home deliveries under 400k this year in 2023 and is mostly being driven by DR Horton. year of year property appreciation is insane as well more than 10% on the median and average last time I checked the housing stats. if you want to build please reach out. we don't do any brokerage with existing inventory 

Originally posted by @David Krulac:@Ray Slack  It should go toward lien in a certain order, so if there are other liens it possibly will not be paid off. 

You can usually also benefit more by simply using the seller or builder credit to do a simple "Rate buydown".The first rate on the buydown is a "teaser" rate that only last for a short time 1 year for example but a true rate buy down is for the entire term. 

We added value by re-doing the whole house, installed vinyl floorings, rebuilt 2 and a half bathrooms, re-painted the whole house, replaced all the hardware in the house, installed new lighting, ceiling fans, re-painted the kitchen, and completely remodeled the upstairs.

MTRs can be operated by working directly with businesses, that's my strategy.

The mortgage is secured—or collateralized—by the house, the buyer’s name goes on the title and the mortgage is recorded with the local government.2.

Recommend spending $400-500 to get the house inspected by the BEST inspector you can find.

Had a bigger pockets buddy buy at the same time and he flew down to get keys and met the management company by accident.

Location is very very important but sometimes poor location can be overcome by great management.